Grayscale Bitcoin Trust ETF

Frequently Asked Questions About GBTC

What does GBTC invest in?

The Grayscale Bitcoin Trust ETF offers dedicated, passive investment exposure solely to Bitcoin. Its primary goal is to replicate the market price of the Bitcoin assets held by the Trust, net of all associated costs and financial obligations. Bitcoin itself is a digital asset, brought into existence and circulated via the peer-to-peer Bitcoin Network. This network operates as a decentralized collection of computers, secured by cryptographic protocols, allowing users to exchange Bitcoins—digital tokens of value—which are permanently recorded on a transparent public transaction ledger known as a Blockchain.

What is the expense ratio of GBTC?

Grayscale Bitcoin Trust ETF (GBTC) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is GBTC?

Grayscale Bitcoin Trust ETF (GBTC) manages $10.09B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is GBTC actively managed or an index fund?

GBTC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was GBTC launched?

Grayscale Bitcoin Trust ETF (GBTC) launched in September 2013 and is managed by Grayscale.

How has GBTC performed?

GBTC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.